The Best Credit Card for Buying Gas

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Let's be honest.  With gas prices reaching $4 a gallon or more, it's hard to pull out the cash to pay for it.  More people than ever are turning to gas credit cards, but not just because they can pay later. In fact, gas rewards credit cards are often the most sought after in rewards programs.  The thought of getting a discount or even free gas from a credit card can help to dampen the bad taste at the price on the pump.

Gas rewards credit cards help you to earn money on the purchases you make, including those expensive purchases at the pump. With these credit cards, you'll be able to make purchases and earn cash back on them. Each company sets the percentage back you will get. Some will only allow you to purchase gas from affiliated gas stations. If you are tired of paying too much for gas, rewards credit cards are the route to go.

Which card and issuer should you decide to go with?  Well that's a hot debate but in my opinion, there's one one card to use for gasoline purchases.

Enter the TrueEarnings Card from Costco and American Express

Do me a favor right now and visit your local Costco.  Compare the gas prices they have vs. the others in the area and I bet you'll find Costco to beat almost every gas station around you.  So right away the price of gas is saving you money.  Now let's talk about the credit card.

The TrueEarnings Card from Costco and American Express is a gas rewards credit card with a lot of additional built in perks.  Cash back is earned on every purchase and the cash back rates are as follows:

  • 3% cash back at U.S. stand-alone gas stations, even at Costco (up to $4,000 spent annually)
  • 2% cash back  at U.S. restaurants and on eligible travel purchases
  • 1% cash back on all other purchases, including Costco

I know the card has a limit on the 3% cash back rebate but $4,000 annually breaks down to $60 a week , which is one fill-up or more for many.  Also keep in mind that the card will still earn 1% cash back on gasoline purchases if you go over your $4,000 limit AND if you really want to save, apply for TrueEarnings Business Card from Costco and American Express where you'll earn a crazy 4% cash back on gas purchases.

As always, it pays to be a wise user. Don't carry a balance on your gas credit card and only use the card where you can maximize your rewards. Terms and restrictions apply.

*Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.

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